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At September 1, 2017

RFULL SCREEN PRN Question 7 At September 1,2017, Five-o Inc. reported retained earnings of $136,000. During the month, Five-O generated revenues of $20, purchased equipment for $5,000 and paid dividends of $2,000. What i the balance in retained earnings at September 30, 2017 O $8,000 credit $137,000 credn 0 $142,000 credit $136,000 debit Click if you would like to Show Work for this question: Open how c Question Attempts: 0 of 1 used sAE FOR LATE 8 3 0 command option
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Answer #1

Answer:- $142,000 credit

Explanation:-  

Beginning retained earnings $136,000
Add: Revenues $20,000
Less: Expenses ($12,000)
Dividends ($2,000)
Retained earnings at September 30,2017 $142,000
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